The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-11-23
General Tendency en- 'Cangs 10 AWAIT
Further Reaction in Stocks.
A gIug UldsriOns In . a Market Prevents
Any se-.seus Declines.
Dsslisg Dali II The Afternoon, with ldvxH-
s.s irom Lewat Prices.
The Clese Quiet but Hoavy-BoEds Dull
ana steady-Pr0duce and Provisions
Local Quotations

NEW YORK. November N.-Mcney on fesnGEsy
n 70 per cent; closed offered at4 per cent;
prime mercantile paper eos per cents seeEiing
exchange dull at 81 81 for sixty days. bills and
- $50 for demand. The total sales OF stocks
to-day we're 27i,e92 shares, Including Canada
Southern, 6.4e5; Delaware, LscSawsEna and
western. "a SEQ; Erie, IL f6o; Lake Shore, 1900;
louisville ard Nashville, 5000; Missouri Pacific,
{, nc; Northwestern, s.325; Pafdfe Mail, $3.50;
Reading. S7,e5O; Paul, $3.50; Texas Pacific,
o,925; Union Pacific, $50; Wesoern Union,
2LCel: wheeling and Lake Erie, $500. The
stock market was s-lIl and lower to-day, but
the result OF the day trading is OF little i'm
portanee, The temper OF the room was
bullish this morning, but the gen.
eTal tendency await further
reaction, snd the bears improved the oppor-
tunity to make L demonstration against prices.
There was little doing except for the account OF
the professional element and the bears are
estimated to have put out SIS high as 6,6S
shares of short stock. The market, however,
showed q strong undertone, many favorable
factors being ct work to check the decline
Among them were the advance in soft coal rates
in the West, and the declsIation of the diTi-
dend on the Burlington with Its handsome
surplus. Very little stock came upon the mar
bet, and the bulls believe that the reaction wiz
bring fresh outside buying into the market,
Come comment was called forth by the bidding
mp OF money to per cent. in the afternoon,
Ii being regarded as an attempt to
depress prices by manipulation of the
money market again. But in the face Of the
Governments offer to advance all money needed
on government bonds, stringency in money is
almost impossible. All the leading shares we're
lower. while the low-priced securities were
= xsaIl tIoh bo
opening was fairly steady and on a moderate
business prices advanced in the early trading.
The movement was soon checked, however, and
the market becoming dull, ssgged off slowly
and before noon the gains had been entirely
wiped out with fractions In addition. Extreme
dizziness marked the dealings In the afternoon
and Light advances were made from the lowest
figures, but IN the last hour the decline was re-
sumed, and the close wss quiet but heavy
ut OF near the lowest prices OF the day. Most
stocks are lower tonight, though the declines
are for fractional amounts only, except Omaha,
which lost per cen l., while Colorado coal is
up q ike amount. Railroad bonds were dull
and somewhat Irregular. and final prices are
about equally divided between gains and losses.
ssIes $685. C0 Jersey Central debentures rose
- to ll6; Flint and Pere Marquette skies, to
119: Indiana. Bloomington and Western divi.
sion certificates, to a. Louisville aud Nash
VILE eonsols lost 2to 10, and Minneapolis AMI
Northwest irsts, TO go. Government bonds
dull and steady. state bonds dull and rather
heavy.
Eastern Exchanges,
NEW YORK, November 21.-Bank clearingS
to-day were SIS. or $40; balances, 81, l5S,SS4.
BOSTON, November 21.-Bank clearings today
were $50 ,626; balances 81 .666 9OS; rate for
money per cent. Exchange on New York
Toe TO lie discount per 81 900.
ST LOUIS. November Blank Clearings to-
day were 50, 15S.6lS; balances. S2S5 ,3S7. Ex-
change Oh New York, 70 cents discount.
BALTIMORE, November 21.-Bank clearings
to-day were S215S.7o2; balances $780, 67.
PHILADELPHIA, November H.-Bank clear
ines to-day we're 81. 7s9, 81; balances N,5lj,2jl
Bar Silver.
NEW YORK, November 21- Bar silver s51sc.
Foreign Exchanges.
PARIS, November 2l.-Three per cent. rentes
sof SIC for the account.